Do Good Schools Matter When You're Buying Or Selling A Home?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Schools And School Districts Matter When You're Buying A Home. They Also Matter When You're Selling A Home.

 

Whatever part of the country you might be living in, good schools and good school districts matter to home buyers, especially those with school-aged children. Even home buyers without school-aged children care about the quality of schools because the quality has impact on future resale value.

 

There's a reason why certain areas of the Charlotte metro region such as Ballantyne, South Charlotte, Waxhaw, Weddington, Marvin, Fort Mill, Tega Cay are in such high demand and can command premium prices for houses... it's the quality of the schools. One of the first requests I typically get from home buyers is to show them property in the best school districts. Many of my home buyers search for real estate by school district, which is one of the key factors, if not the key factor in some cases, in their home-buying decision. 

 

Sell Me A Home In A Mediocre School District... No One Ever Said!

 

Studies have consistently shown that many home buyers are willing to give up other things in a home in order to be in a top school district. A Realtor.com study showed that one in three buyers said they would settle for a smaller home and give up a bedroom or a garage to be in a top school district. The study also showed that one in five home buyers would pay 6-10% more for a home, and one in ten home buyers said they would pay up to 20% more for a home in a top school district.

 

When I represent a home seller whose house is in a top school district, that fact is heavily emphasized in my marketing of the home.

 

And good schools are also important to families who are renting. I have a number of investor clients who buy homes only in top school districts and they never have an issue keeping those homes rented and at a premium price.

 

The infographic below clearly illustrates just how important the "school factor" is amongst buyers, especially those with children under the age of 18.

 

 

Infographic: Benefits Of A Good School District When Buying Or Selling A Home

 

Why Schools Matter When Buying or Selling A Home

 

 

 

  LOOKING FOR YOUR DREAM HOME IN A TOP SCHOOL DISTRICT IN THE CHARLOTTE AREA? 

 

 

To Get Your FREE Home Buyer Guide: “Things To Consider When Buying A Home,” click here.

 

 

 

 WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET? 

   

 

To Get Your FREE Home Seller Guide: “Things To Consider When Selling Your House,” click here.

 

 

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE HERE

 

 

 

 

  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts serving Charlotte area home buyers and sellers for 20+ years. 

 

If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

     

School Report Image Credited To: whoradio.iheart.com

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Topic:
Home Buying
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North Carolina
Tags:
schools
charlotte homes for sale
schools impact real estate values
great homes in charlotte
do schools matter when buying a home
do schools matter when selling a home
benefits of a good school when buying selling a home

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Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick Vandekar, 610-203-4543 hi Nick... we have some of the same here in the Charlotte area. But I don't think demand will die down for homes in the top rated schools even if there are almost equally good schools nearby. As they say, perception is reality... and perception is a big factor when people look at schools.

Sep 25, 2019 04:59 AM #5
Rainmaker
3,301,138
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. It is a big factor in pricing and desirability all over the country with rare exception. Enjoy your day!

Sep 25, 2019 04:59 AM #6
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs good morning, Michael... no doubt that the factor of good schools is part of a total equation when people value a home. There are instances where lack of good schools don't impact demand for homes... I'm thinking of places like SOHO and NODA in NYC. Even in Charlotte's NODA and in Wesley Heights... other factors come into play and these neighborhoods are not penalized for lack of top rated schools.

Sep 25, 2019 05:01 AM #7
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin that's for sure, Wayne... and that's why when I have clients who say schools don't matter to them, unless they are buying in an area that is in demand for other reasons than schools, I always tell them schools should matter to some degree as they will impact resale value one day.

Sep 25, 2019 05:03 AM #8
Rainmaker
5,423,524
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is important information to share.

Have a great day, Nina, and an outstanding week.

Sep 25, 2019 05:34 AM #9
Rainmaker
3,830,515
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Nina Hollander ,

Purchasing a home in a good school district always enhances saleability. Love the infographic..good message to get out there!

Sep 25, 2019 05:42 AM #10
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dorie Dillard CRS GRI ABR thanks, Dorie. We can never underestimate the importance of education.

Sep 25, 2019 05:47 AM #11
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley good morning, Roy... a good education is so important and I know of no parents who aren't looking to buy in the very best school district they can afford... unless their kids are going to private school.

Sep 25, 2019 05:49 AM #12
Rainmaker
1,501,999
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Nina Hollander, purchasing a home in a good school district will always be a high demand.  Even if the buyer doesn't have any children, its important oto think about resale value and desirability. 

Sep 25, 2019 07:32 AM #13
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay hi Beth.... I don't know about your area, but I've noticed in mine that the good schools keep getting better and the poorly performing schools rarely get better despite more money being thrown at them.

Sep 25, 2019 07:40 AM #14
Rainmaker
1,235,410
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander,

Here is another area where you shine. You can really help buyers find the right school district for their needs in the Charlotte area. 

Sedona is an area that fits in with people who have already raised their children or are looking for a vacation home. 

The school district recently closed what most of us consider, a necessary school in the far east end of Sedona Big Park area. We now have one public school and one upper-grade level junior and high school. There are a couple of private and charter schools, so there is a choice.

Homes with red rock views are the most common question or concern for Sedona buyers. 

Sep 25, 2019 07:56 AM #15
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... you live in a totally different "world" in your marketplace than I do in mine. Charlotte is a "young" city in terms of demographics and attracts young families with kids. And we have dozens and dozens of schools throughout the region and I also cover two states and multiple counties in each of those states, all with their own school systems.

Sep 25, 2019 08:10 AM #16
Rainmaker
1,943,067
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Nina - we live in one of the top school districts in Westchester County which was great for our daughters.  It is still great since Armonk and Byram Hills Schools are in demand.

Sep 25, 2019 08:45 AM #17
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... I've long known why people move to your end of Westchester... and one of the big reasons are the schools.

Sep 25, 2019 09:17 AM #18
Ambassador
3,820,716
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina absolutely good schools matter for both Buyers and Sellers, even if they do not have kids.

Sep 25, 2019 12:38 PM #19
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto hi George... anytime I've compared virtually identical home in two different school districts, it's amazing how much more the home in a top school district is versus a more mediocre district.

Sep 25, 2019 12:43 PM #20
Ambassador
3,899,335
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- even though we did not have school-aged children when Larry and I bought our homes, we always considered the school district for resale value!

Sep 25, 2019 12:48 PM #21
Rainmaker
4,487,938
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Good schools matter, there is no doubt about that for resale purpose.  Wishing you a great evening.  A

Sep 25, 2019 01:03 PM #22
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... in my 26 years I've yet to hear a buyer say "find me a home in a poor school district." 

Sep 25, 2019 03:21 PM #23
Rainmaker
3,130,677
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kathy Streib hi Kathy... same here at our end. It's nice to know that your home will retain value for any number of reasons, including school quality.

Sep 25, 2019 03:22 PM #24
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